China’s Deepening Slowdown: Challenges to Xi’s Growth Expectations
Sunday, 15 September 2024, 18:36
China's Economic Landscape
China's deepening slowdown is prompting analysts to question how much longer Xi Jinping can tolerate growth misses. Despite Premier Li Qiang's claims of exceeding growth targets in 2023 without major stimulus measures, the current economic indicators paint a grim picture.
Current Economic Indicators
- Weak domestic demand
- Falling exports
- Rising unemployment
The government's focus on stability over aggressive growth tactics may result in pressure on Xi's administration as growth rates continue to falter. Without substantial intervention, expectations for growth will remain uncertain.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.